NDA-FINasdaq HelsinkiBanks - RegionalIFRS · EUR

Nordea Bank Abp

Nordea Bank is a prominent financial services group operating across the Nordic region, with a rich history spanning over 200 years. It offers a comprehensive range of financial services to individuals, businesses, and institutions, leveraging its pan-Nordic presence to deliver scale and efficiency. The bank is committed to providing innovative digital solutions and maintaining strong customer relationships through its omnichannel approach. Nordea's strategic focus is on profitable growth, operational efficiency, and robust risk management practices.

Revenue11.7bn EUR
−2.8 %y/y
Operating profit (EBIT)6,548m EUR
+3.3 %y/y
EBIT margin55.8%
+3.3 ppy/y
Net income4,840m EUR
−4.3 %y/y
Free cash flow-3,793m EUR
−1,090.3 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0.02.55.07.510.012.5bn EUR2021: 9.6 bn EUR2021: EBIT 4.9 bn EUR20212022: 9.8 bn EUR2022: EBIT 2.8 bn EUR20222023: 11.7 bn EUR2023: EBIT 5.4 bn EUR20232024: 12.1 bn EUR2024: EBIT 6.3 bn EUR20242025: 11.7 bn EUR2025: EBIT 6.5 bn EUR202511.76.5
RevenueOperating profit (EBIT)

Business

Share of revenue
Personal Banking40 %

Includes savings, loans, and advisory services for individuals.

Business Banking35 %

Offers banking solutions for SMEs, including loans and advisory.

Capital Markets15 %

Provides services related to debt and equity markets.

Wealth Management10 %

Includes investment funds and pension products.

Customers

Nordea serves a diverse customer base across the Nordic region, including individuals, families, small and medium-sized enterprises (SMEs), and large institutions. Personal banking customers seek comprehensive financial solutions for savings, investments, and loans. SMEs rely on Nordea for business banking services that support their growth and sustainability efforts. Large institutions engage with Nordea for sophisticated capital markets and advisory services. The bank's commitment to providing a seamless omnichannel experience enhances customer satisfaction and loyalty.

Personal Banking Customers

Individuals and families using savings, loans, and investment services.

SMEs

Small and medium-sized enterprises seeking business banking solutions.

Institutional Clients

Large institutions engaging in capital markets and advisory services.

Strategy

Nordea's strategic priorities focus on delivering best-in-class omnichannel customer experiences, driving focused and profitable growth, and enhancing operational and capital efficiency. The bank invests significantly in digital solutions to provide seamless and personalized services across all channels. By targeting selective growth opportunities and maintaining robust risk management practices, Nordea aims to achieve industry-leading profitability. The strategy also emphasizes building long-term customer relationships and supporting sustainable business practices.

Omnichannel Customer ExperienceMedium term

To provide seamless and personalized banking services.

Profitable GrowthLong term

To achieve industry-leading profitability and shareholder value.

Operational EfficiencyShort term

To enhance profitability and service delivery.

Geography

Nordea operates primarily in the Nordic countries, including Finland, Sweden, Norway, and Denmark, with additional branches in countries like China, the UK, and the US. Its strong regional presence allows it to leverage economies of scale and provide tailored financial solutions across diverse markets. The bank's strategic focus on the Nordics ensures a deep understanding of local market dynamics and customer needs. Nordea's geographic diversification helps mitigate risks associated with economic fluctuations in any single market.

Risks

Nordea faces several risks, including credit risk, market risk, and operational risk, which are inherent in the banking industry. The bank's exposure to geopolitical tensions and regulatory changes in its operating regions poses additional challenges. Nordea's robust risk management framework, including a three lines of defense model, helps mitigate these risks. The bank also faces legal and compliance risks related to anti-money laundering regulations, which could impact its financial performance if not adequately managed.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Credit Risk1Regulatory Compliance2Geopolitical Tensions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Credit RiskImpact: CriticalLikelihood: Medium

    Economic downturns could lead to increased loan defaults.

  2. Regulatory ComplianceImpact: HighLikelihood: Medium

    Non-compliance with AML regulations could result in fines.

  3. Geopolitical TensionsImpact: MediumLikelihood: Medium

    Could disrupt operations and affect market stability.

Accounting

Judgemental items
Revenue Recognition

Timing and method affect reported earnings.

Impact: high

Provisions for Credit Losses

Reflects potential loan defaults and impacts profitability.

Impact: high

Derivatives Accounting

Affects financial instrument valuation and risk management.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Nordea Bank Abp (NDA-FI) Revenue, Earnings & Financials 2025 – Clarifo